Abstract

Uncoordinated charging of a rapidly growing number of electric vehicles (EVs) and the uncertainty associated with renewable energy resources may constitute a critical issue for the electric mobility (E-Mobility) in the transportation system especially during peak hours. To overcome this dire scenario, we introduce a stochastic game to study the complex interactions between the power grid and charging stations. In this context, existing studies have not taken into account the dynamics of customers’ preference on charging parameters. In reality, however, the choice of the charging parameters may vary over time, as the customers may change their charging preferences. We model this behavior of customers with another stochastic game. Moreover, we define a quality of service (QoS) index to reflect how the charging process influences customers’ choices on charging parameters. We also develop an online algorithm to reach the Nash equilibria for both stochastic games. Then, we utilize real data from the California Independent System Operator (CAISO) to evaluate the performance of our proposed algorithms. The results reveal that the electricity cost with the proposed method can result in a saving of about 20% compared to the benchmark method, while also yielding a higher QoS in terms of charging and waiting time. Our results can be employed as guidelines for charging service providers to make efficient decisions under uncertainty relative to power generation of renewable energy.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.